Collapse of talks puts focus on Kinnevik

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THE abrupt termination of talks over Millicom has thrown Kinnevik, the Swedish investment firm that owns nearly 40 per cent of the company, into the spotlight.

Kinnevik, which is controlled by the Stenbeck business empire, said in a statement that it supported the board’s decision to end talks.

Apart from Millicom, Kinnevik, which was established in 1936, has what it terms “long-term investments” in companies including Tele2, the Swedish phone and broadband business, Metro International, the newspaper group, and Viking Telecom.

Cristina Stenbeck, Kinnevik’s 28-year-old vice-chairman, inherited the role of one of the leading figures in Swedish business after her